0217 GMT - AEM Holdings' earnings are likely to rise further after the Singapore semiconductor test solutions company posted strong 1Q profit and sales, say Jefferies' Joanna Cheah and Wei Han Ang in a note. The company's revised sales guidance of S$550 million to S$600 million for 2026 is around 10%-20% higher than consensus estimates, the analysts note. Rising industry momentum is likely to continue to support AEM, and the analysts expect further upward revisions to earnings per share and growth estimates. They see their bull case for AEM emerging thanks to higher contribution from certain customers, such as South Korean memory companies, which offer higher margins.Jefferies reiterates its buy rating and S$8.88 target price. Shares climb 11% to S$9.30. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 13, 2026 22:17 ET (02:17 GMT)
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